Dec 3 Host Hotels and Resorts said its European joint venture bought five hotels in Paris and Amsterdam from Goldman Sachs' Whitehall unit for about 440 million euros ($572.26 million).
Host Hotels, which holds 33.4 percent stake in the joint venture, said in a statement that the deal was partially funded by a 250 million euro loan.
The five properties include Paris Marriott Rive Gauche Hotel & Conference Center, Renaissance Amsterdam Hotel, Renaissance Paris La Defense Hotel, Renaissance Paris Vendome Hotel and Courtyard Paris La Defense West - Colombes.
Marriott International had sold three of these hotels to indirect subsidiaries of Whitehall Street Global Real Estate Limited Partnership 2005 in 2006. ()
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Next year, Dr. Ketan Desai is slated to head the World Medical Association (WMA), guardian of the Hippocratic Oath. The WMA is standing by him, even as he battles conspiracy allegations in two Indian courts. Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Full article